Entrepreneurship is a driving force in any economy. Entrepreneurs help the economy; creation of new jobs, strength of our economy because of innovation and research and development, creating wealth for many individuals seeking business opportunities. Entrepreneurial economics is the study of the entrepreneur and entrepreneurship within the economy. Early economic theory, however did not lay proper attention to the entrepreneur. The entrepreneur and entrepreneurship should take center stage to explain entrepreneurial economy. Thus, the aim of this course is to use the tool of economics to understand the entrepreneurial process and analyse the role of entrepreneurship in the economies, especially in Turkey.
This class begins by asking "who is an entrepreneur" and "what type of entrepreneurs there are" and discusses different views of entrepreneurship, the firm and market structures, competition and entrepreneurial processes. Using the data of the Global Entrepreneurship Monitor, we will explore three fundamental questions: Does the type of entrepreneurial activity vary between countries? Are the differences in national entrepreneurial activities related to national economic growth? What national characteristics are related to differences in the types of entrepreneurial activity? Finally, the entrepreneurial climate of Turkey will be analyzed.